Zacks Investment Research upgraded shares of Vantiv Inc. (NYSE:VNTV) from a hold rating to a buy rating in a report published on Thursday. They currently have $63.00 price objective on the stock.
According to Zacks, “Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services. Vantiv, Inc. is headquartered in Cincinnati, Ohio. “
VNTV has been the topic of a number of other reports. Pacific Crest set a $62.00 price objective on shares of Vantiv and gave the stock a buy rating in a research note on Thursday, September 15th. Jefferies Group reiterated a buy rating and set a $65.00 price objective on shares of Vantiv in a research note on Tuesday, September 13th. Wedbush began coverage on shares of Vantiv in a research note on Thursday, September 8th. They set a neutral rating and a $60.00 price objective on the stock. Susquehanna upgraded shares of Vantiv from a negative rating to a neutral rating and increased their price objective for the stock from $30.00 to $36.00 in a research note on Thursday, August 25th. Finally, Nomura reiterated a buy rating and set a $63.00 price objective (up from $62.00) on shares of Vantiv in a research note on Tuesday, August 2nd. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Vantiv has an average rating of Buy and a consensus target price of $56.93.
Shares of Vantiv (NYSE:VNTV) opened at 56.00 on Thursday. The company’s 50 day moving average is $54.72 and its 200-day moving average is $54.85. The company has a market capitalization of $8.72 billion, a P/E ratio of 46.47 and a beta of 0.59. Vantiv has a 1-year low of $42.01 and a 1-year high of $59.62.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The business had revenue of $891 million for the quarter, compared to analyst estimates of $465.66 million. During the same period last year, the firm earned $0.56 earnings per share. Vantiv’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts forecast that Vantiv will post $2.66 EPS for the current year.
In other Vantiv news, insider Matt Taylor sold 162,576 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $59.05, for a total transaction of $9,600,112.80. Following the completion of the sale, the insider now owns 70,435 shares in the company, valued at approximately $4,159,186.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher A. Thompson sold 2,188 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $53.89, for a total transaction of $117,911.32. Following the sale, the senior vice president now owns 12,488 shares of the company’s stock, valued at approximately $672,978.32. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Capital Fund Management S.A. raised its stake in shares of Vantiv by 1,878.0% in the second quarter. Capital Fund Management S.A. now owns 187,314 shares of the company’s stock worth $10,602,000 after buying an additional 177,844 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Vantiv during the first quarter worth approximately $26,940,000. Prudential Financial Inc. raised its stake in shares of Vantiv by 1.2% in the first quarter. Prudential Financial Inc. now owns 54,850 shares of the company’s stock worth $2,955,000 after buying an additional 630 shares during the period. Strs Ohio raised its stake in shares of Vantiv by 0.6% in the second quarter. Strs Ohio now owns 842,613 shares of the company’s stock worth $47,691,000 after buying an additional 5,044 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Vantiv by 1.9% in the first quarter. Geode Capital Management LLC now owns 925,027 shares of the company’s stock worth $49,812,000 after buying an additional 16,999 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.